InCongress enacted the Wire Act as part of a series of antiracketeering laws.
Action - A sports betting wager of any kind, a bet. Added Game - For sports betting, a game not part of Las Vegas regular rotation posted as an accommodation to customers. Angles — Using key factors from previous events to predict the results for future outcomes.
ATS - "Against the spread," taking points rather than betting with the spread and laying points in sports betting. Beard - In sports betting a beard is a friend or acquaintance who is used to place bets as to conceal the true identity of the real bettor.
Bet — To risk something on the outcome of an event Book - In sports gambling a Book is an establishment that accepts bets on the Gambling papers term of horse racing and sporting events. Bookie - In sports wagering a person who accepts bets.
Buy Points - In sports betting, a player pays an additional price to receive half a point or more in his favor on a point spread game.
Canadian Line - In sports betting the Canadian line is a combination point spread and money line in hockey. Chalk - The favorite. Chalk Player - In sports gambling this person is someone who usually only plays the favored teams, rarely betting on the underdogs.
Circled game - In sports wagering this is a game in which the betting action is reduced; usually occurs in added games, games with injuries, bad weather, propositions, or halves of games.
These games cannot be included in parlays or teasers Cover - In sports betting this term means a pointspread win. Data Mining- Searching through a large volume of statistics to find profitable situations to bet on in the future.
Dog - In sports betting, the team perceived to be most likely to lose. Dog Player - In sports gambling this term refers to one who mostly plays the underdog. Double action - An "if bet" in sports betting that is processed if the precedent bet wins, ties or cancels.
Exotic - In sports gambling the term Exotic is any wager other than a straight bet or parlay - also called a prop or proposition.
Exposure - The maximum amount of money a sports book stands to lose on a game. Favorite - In sports betting this it the team expected to win an event.
The quoted odds reflect the extent to which the choice is favored. Figure - For sports betting, Figure is the amount owed to or by a bookmaker. First half bet - In sports betting this is a bet placed only on the first half of the game. Gamble- To risk money on the outcome of an event.
Getting Down - Sports wagering meaning making a bet. Grand Salami - A sports betting term meaning the grand total of goals scored in all the hockey games of the day.
Half time bet - In sports betting this is a bet placed only on the second half of the game. Handicapping - In sports gambling this is the attempt to predict the outcome of sporting events. Handle - A sports wagering term that means the total amount of bets taken.
Hedging - A sports betting term that means placing wagers on the opposite side in order to cut losses or guarantee a minimum amount of winnings. Hook - In sports betting a Hook is a half point added to football and basketball betting lines.
Hot game - Sports betting term for a game that is drawing a lot of action on one side by knowledgeable handicappers. Laying the price - In sports wagering, laying the price means betting the favorite by laying money odds.
Layoff - sports betting term for money bet by a house with another bookmaker to reduce its liability. Line - In sports betting, the current odds or point spread on a particular event. Linemaker - In the sports betting industry this is the person who establishes the original and subsequent betting lines.
Listed Pitchers - In sports gambling a listed pitcher is a baseball bet which will be placed only if both of the pitchers scheduled to start a game actually start.
Longshot - In sports wagering this is a team or horse perceived to be unlikely to win.
Middle - To win both sides of the same contest in sports betting event. Wagering on the underdog at one point spread and the favorite at a different point spread and winning both sides.
Money line - odds expressed in terms of money. Move the line - A player pays an additional price to receive half a point or more in his favor on a point spread game.Gambling/ Legal Issues Related to the New Laws Banning Internet Gambling term paper Gambling term papers Disclaimer: Free essays on Gambling posted on this site were donated by anonymous users and are provided for informational use only.
“The term gambling or ‘gaming’ as the industry calls it, means any legalized form of wagering or betting conducted in a casino, on a riverboat, on an Indian reservation, or at any other location under the jurisdiction of the United States” (National Gambling Impact Study Commission Act).
Definitions of gambling are elusive, but a helpful suggestion has been made by M. D. Griffiths, a scholar and historian of gambling in Western culture, as “an exchange of wealth determined by a future event, the outcome of which is unknown at the time of the wager” (Dickerson and O’Conner , 7).
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Mar 29, · Research Paper 2 Gambling "Just one more pull, only one more dollar. Anytime now this machine is sure to pay off big!" This is an example of the chatter you may hear if standing along a row of slot machines, or "one arm bandits" as some like to call them.
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